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OpenTrade completes $7 million strategic financing to help high-inflation countries obtain stablecoin yields.
According to Gate News bot, CoinDesk reported that UK-based OpenTrade recently completed a $7 million strategic financing round. This round was led by Notion Capital and Mercury Fund, with participation from a16z crypto, AlbionVC, and CMCC Global, bringing OpenTrade's total funding to $11 million.
OpenTrade offers a "Yield as a Service" platform and is now providing services for fintech applications such as Criptan in Spain and Littio in Colombia. The platform is dedicated to helping users in high-inflation countries such as Argentina and Colombia to access USD and EUR stablecoin yields through their mobile phones, in response to the low interest rate environment in local banks.
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